原标题：币圈最大的庄家，不是机构，也不是项目方，而是交易所
作者：胡杨
来源：火球财经
看到这些惊人的利润，我只能说贫穷限制了我的想象力，不过细看，这些交易所大部分都在亚洲。
When I see these amazing profits, I can only say that poverty limits my imagination, but by the look of it, most of these exchanges are in Asia.
世界上最大的数字货币交易所是Binance，总部位于日本，不过最近Binance将在马耳他开展业务。亚洲的大型的交易所还有：香港的OKEx，新加坡的火币（Huobi），香港的Bitfinex，韩国的Upbit，韩国的Bithumb。亚洲的数字货币交易所的交易量超过了全球交易量的50%。
The world’s largest digital currency exchange is Binance, which is based in Japan, although Binance will be operating in Malta in the near future. Asia’s major exchanges are also: OkEx in Hong Kong, Swarbi in Singapore, Bitfinex in Hong Kong, Upbit in Korea, and Bittumm in South Korea.
那么，亚洲数字货币交易所为何流行？
Then why is the Asian Digital Currency Exchange popular?
一是低成本挖矿，亚洲地区的低成本电力吸引了大量的挖矿者聚集于此，这促进了数字货币的早期发展；
One is low-cost mining, where low-cost electricity in Asia attracts large numbers of diggers, which contributes to the early development of digital currency;
二是移动支付先进，微信、支付宝等移动支付方式在日常生活中的广泛适用，这让资金的转移变得十分便捷、高效；
Second, mobile payments are advanced and mobile payment methods such as micro-letters and payment treasures are widely applied in everyday life, making the transfer of funds easy and efficient;
三是游戏文化，亚洲地区的年轻人酷爱网络电子游戏，这些年轻人对虚拟的电子货币已经很熟悉，如Q币等，这些电子货币在网络游戏中是有价值的，因而年轻人更容易接受虚拟货币的概念，包括数字货币。
Thirdly, the culture of play, which young people in Asia love online video games, has become familiar with virtual e-money, such as Q-dollars, which are valuable in online games, making it easier for young people to accept the concept of virtual currency, including digital currency.
那么，当前十大交易所在未来能维持盈利吗？
So, can the current 10 largest exchanges be profitable in the future?
这就要说到交易所的利润来源：
This refers to the exchange's source of profit:
一是收取交易费用（买入、卖出和取现）。大部分交易所的手续费率为0.1%左右，这远高于券商在二级市场交易中的手续费率，所以，获利润更是让人震惊；
One is the collection of transaction costs (purchase, sale and take-off). For most exchanges, the processing rate is around 0.1 per cent, which is much higher than the processing rate for coupons in secondary market transactions, and hence the profitability is all the more alarming;
二是项目要在平台上线需要一定费用，这部分费用弹性空间较大。大平台的项目上线费一般都在千万以上。项目代币上线交易平台，相当于新股公开发行。但由于目前的区块链项目缺乏监管，上交易平台与否的决定权完全由平台掌握，而如果项目上线知名交易所，可获得潜在背书，并提高成交量。其中的操作空间可想而知。
The second is that the project costs a certain amount of money to be connected to the platform, which is more flexible. Large-scale projects usually cost more than tens of millions of dollars.
尽管各个平台在公开声明中均表示上线项目都经过了严格审核，一个显而易见的事实是，众多口碑极差的项目如波场等也登陆了包括币安、火币在内的知名交易平台，且交易平台的上币速度在大大加快。
Although various platforms have stated in public statements that online projects have been subject to rigorous scrutiny, it is clear that a large number of low-profile projects, such as wave sites, have also landed on well-known trading platforms, including currency security, and currency coins, and that the pace of the upper currency of the trading platforms has increased considerably.
三是交易所变相爱co。比如各大平台均推出了自己的平台币。火币有HT，ok有okb，币安又BNB，而且BNB，目前售价高达70元。同时，这些交易所利用平台币进行各种玩法。比如HT搞上线交易所投票。一期一度收割超过上亿利润，这完全就是收割机。
Third, the exchange is in love with each other. For example, all major platforms have launched their own platform coins. They have HT, k, k, k, k, BNB, and BNB, which currently sells up to $70. At the same time, these exchanges use platform coins for all kinds of games.
四是交易所联合项目方坐庄。众所周知，项目方上线某交易所，除了给上币费之外，还会给项目方代币，而交易所除了利用这些代币做活动，还可以自己抛售。尤其是在一些小交易所，表现十分明显。小交易所没有很大流量，所以，上币费和佣金要少很多，他们最大的赚钱方式就是上垃圾币、空气币，然后套现。
It is well known that an exchange on top of the project, in addition to the cost of the upper currency, gives the project party a token, and the exchange, in addition to using it for its activities, can sell it itself. Particularly in small exchanges, the performance is obvious.
为什么到现在还是有很多垃圾项目、空气项目、圈钱项目，就是因为有些平台为这些垃圾币、空气币、传销币提供“保护”。
Why are there still a lot of garbage projects, air projects, money-circumstance projects, because there are platforms that provide “protection” for these garbage coins, air coins, and currency transfers?
有些交易所，为了钱，为了利益，他们对任何项目都不做审查，只要给钱就上。比如澳洲u网。
Some exchanges, for money, for profit, don't review any projects, just pay for them, like the Australia-u-Net.
澳洲u网目前上架了四十多个币种，但我们调查发现，90%的都是空气项目、垃圾项目。
The Australian network now has more than 40 currencies on it, but we found that 90 per cent were air projects, garbage projects.
所以，我们可以说，真正的庄家不是项目方，也不是机构，而是这些交易所。
So we can say that the real dealers are not project players or institutions, but these exchanges.
虽然目前爱CO融资被各国监管和打压，但数据显示，一季度爱co的融资规模已经超过去年整年，这也就是说，未来数字货币总量还会不断增加，并且越来越多，所以，大型的数字货币交易所将继续保护竞争优势和盈利优势。
Although CO-friendly finance is currently regulated and pressured by countries, the data show that the size of A-co financing in the quarter has surpassed that of last year as a whole, which means that the total number of digital currencies will continue to grow and increase in the future, so that large digital currency exchanges will continue to protect competitive and profitable advantages.
虽然现在有很多去中心化交易所项目，但你去中心化交易所技术不成熟，而且体验太差，所以，目前依然是中心化交易所主导。
Although there are now many decentralised exchange projects, you are still dominated by a centralized exchange because of its immature technology and poor experience.
不过未来可能会出现去中心化的交易协议 钱包，钱包作为资产存储及交换的入口，会成为价值互联网时代最大的流量入口，加上去中心化的交易协议的成熟，未来对于个人来说大量的币的交易会在钱包内实现完成，对于专业投资人或者机构投资者会继续使用中心化的交易所。
But in the future, there may be decentralized trading agreements, wallets, as entry points for asset storage and exchange, which will become the largest flow entry in the value Internet age, coupled with the maturity of decentralized trading agreements, and future transactions in large amounts of currency for individuals will be completed in wallets, while professional investors or institutional investors will continue to use centralized exchanges.
责任编辑：何凯玲
发表评论